SpiceJet Q1 results: Airlines reports net loss of ₹600 crore, owing to COVID1 min read . Updated: 15 Sep 2020, 06:25 PM IST
- The airline's operating revenue stood at ₹521 crore in the first quarter of 2020-21
- Commenting on the performance, Ajay Singh, chairman and managing director, SpiceJet said, 'Flight operations were suspended for most part of the (first) quarter'
SpiceJet, low-cost carrier, has reported a consolidated net loss of ₹600.5 crore for the the quarter ended June 2020 as flight operations remained suspended for most part of the quarter in the wake of coronavirus outbreak. The company had posted consolidated profit at ₹262.8 crore in same period last year.
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